Factbox: House Republican budget calls for Medicare revamp

WASHINGTON (Reuters) – A budget proposal by Republicans in the House of Representatives calls for a sweeping overhaul of the government-run Medicare healthcare program for the elderly. Here are some details of the plan outlined by House Budget Committee Chairman Paul Ryan. It is similar to the privatization proposal set out in his budget plan last year but this year’s proposal includes elements of a compromise Ryan worked out with Democratic Senator Ron Wyden. Ryan argues that the current Medicare program is financially unsustainable. …